1. Subscribe Now
  2. Follow Us
  3. Follow us on Facebook Follow us at Twitter Subscribe to our global feed
  4. |
  5. Advertise

Top House Sales in 2007

Inside the year’s biggest home sales, including the record-breaking Herb Miller/Robert Allbritton deal

Published Tuesday, January 01, 2008

Photograph courtesy of Randall Hagner Real Estate.

In a year of really big home sales, one dwarfed the rest—and said a lot about the state of the real-estate market.

The Bowie-Sevier house—a Georgetown mansion that dates to the early 19th century—sold for $24 million, shattering the record for the most expensive home sale in DC by $10 million. Two of the city’s richest men struck this deal: Developer Herbert Miller sold the home to media entrepreneur Robert Allbritton.

Agent Mary Grover Ehrgood, who brokered the sale, says Washington’s ultra-high-end real-estate market is flourishing. This year, for example, eight sales broke the $7-million threshold in DC, six more than in 2006.

In 2005, AOL mogul Steve Case paid $24.5 million for Merrywood, the McLean childhood home of Jacqueline Kennedy Onassis.

A home can command top dollar, Ehrgood says, “when the buyer perceives that the property is ‘best in class.’ ” In addition to a prime location and estatelike site, this can mean historic significance, sweeping water views, or the imprint of a famous architect. Ehrgood says that in the very upper bracket, buyers also want grand rooms for entertaining.

As prices push higher, the definition of luxury is changing. Upscale amenities such as granite countertops and stainless-steel appliances have become commonplace. Two million dollars today may get you a very nice five-bedroom home in Chevy Chase or Great Falls, but nothing extravagant.

This year saw an explosion of high-end sales in Kalorama, the DC neighborhood next to Embassy Row. The area has been undervalued for years, Ehrgood says, and buyers can get more space for the money in Kalorama than in Georgetown.

Here are some of the year’s biggest deals involving boldface names:

Sellers: Real-estate developer Herb Miller and his wife, Patrice

Buyers: Media mogul Robert Allbritton and wife Elena, a dermatologist

Price: $24 million

Neighborhood: Georgetown.

The Millers—Herb developed Georgetown Park, Washington Harbour, and the Gallery Place complex next to Verizon Center—spent years restoring the seven-bedroom, 12-bath home (and eight-car garage) before selling it. Allbritton owns Channel 7 and NewsChannel 8 and publishes Politico.

Sellers: Stars of the “Plamegate” scandal, Joseph and Valerie Plame Wilson

Price: $1.8 million

Neighborhood: Foxhall, DC

Five bedrooms, views of the Washington Monument, library.

Buyers: Lobbyist Tony Podesta and his wife, Heather

Price: $3.9 million

Neighborhood: Kalorama, DC

Eight bedrooms, seven baths, pool, 12-zone stereo

Our Valentine's Day Guide

Spending Valentine's Day with that special someone? Flying solo? Either way, here's our guide to make sure it's your best one yet. more

Killer App

Have a bunch of Silicon Valley geeks at Palantir Technologies figured out how to stop terrorists? more

Ask Harry and Louise: Is There Any Truth to the Six-Week Rule?

Our husband-and-wife team weigh in on the dating theory that says it takes just a month and a half to know whether someone is right for you. more

Sex—and Other Secrets

Iris Krasnow, the author of bestselling books on relationships, talks about what makes love last. more

White House Source: President Will Have to Vacate Oval Office Next Year

Planned renovation to the White House means the next president—whoever it is—may be displaced from the Oval Office for as long as a year. more


Click to download our new iPhone mobile app

 

Find A ...
Find A Restaurant







  1. Only show Delivery
    Only show Kid Friendly
    Only show Late Night
    Only show Party Space
    Only show Weekend Brunch
Find Events




Find A Happy Hour





  1. search_finda.gif
Find A Spa




  1. search_finda.gif
Find a Home





  1. search_finda.gif
  2. Powered by  
Find A Hotel


  1.   


  2. Reviewed by Washingtonian
  3. Kid Friendly     Valet Parking
    Handicap Accessible    

  4. Childcare
    WiFi
    Pet Friendly
    Bar/Lounge/Dining
    Airport Shuttle
    Salon/Spa
    Swimming Pool
    Fitness Room
    On-site Drycleaning
    Meeting Rooms
    Golf
    Tennis Courts
    Game Room
  5. search_finda.gif
Follow Us Follow us on Facebook Follow us at Twitter Subscribe to our global feed
Get the Magazine Washington Lives By

It's your source for dining, nightlife, news, health, shopping and more in Washington.

Subscribe to Washingtonian

Washingtonian Magazine provides the best insights on:

Subscribe today for only $29.95 for 12 issues.